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Jan 16, 2013
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dimon asked the feds for smaller buy back to go forward to play it safe in a regulatory environment. sue, back to you. >> thank you very much. matt, covering goldman sachs and j.p. morgan for wells fargo. matt, first of all, let's go to j.p. morgan. how do you rate the stock and do today's rates change the way you feel about the stock? >> thanks, sue. we have an outperform rating on j.p. morgan today and we've had it for some time. we think today's results actually were, once you read through a number of the one-time items, relatively strong. we see a core return on tangible common equity in mid teens. and we think that the strong mortgage performance of the company as well as the relatively strong performance out of investment bank, good revenue performance, and as your previous reporter mentioned, preconference as well and that leads it a solid performance. relative to the peer group for the next six to 12 months. >> so matt, give mae choice between goldman sachs and j.p. morgan. i know they have fundamental differences between them, but if you have to buy one stock today, would it
dimon asked the feds for smaller buy back to go forward to play it safe in a regulatory environment. sue, back to you. >> thank you very much. matt, covering goldman sachs and j.p. morgan for wells fargo. matt, first of all, let's go to j.p. morgan. how do you rate the stock and do today's rates change the way you feel about the stock? >> thanks, sue. we have an outperform rating on j.p. morgan today and we've had it for some time. we think today's results actually were, once you...
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Jan 19, 2013
01/13
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as we reinvest, the overall low rate of environment is not unusual. we do have offsets in our loan portfolio as our national strategic non-portfolio runs down or winds off. we have an opportunity to invest in higher yield customer oriented relationships, and so we think we've got some stabilizing forces. it's hard to tell exactly how the market reacted in one given day to our net interest margin. but we feel like we've had pretty good management of it and i'm optimistic we'll maintain some stability in a tough environment in 2013. >> your fee income did come in lower than expected, though, both capital markets and mortgage banking. is that just a one-time only? are we going to see a better series of numbers in 2013? >> well, yeah, capital markets is probably the big driver of any up or down movement in our fee income. the fourth quarter was an unusual quarter in a couple of ways. one, you had the impact of hurricane sandy where the markets were closed for a couple of days. we saw average daily revenue in the business drop from about 1.2 to about $1.1
as we reinvest, the overall low rate of environment is not unusual. we do have offsets in our loan portfolio as our national strategic non-portfolio runs down or winds off. we have an opportunity to invest in higher yield customer oriented relationships, and so we think we've got some stabilizing forces. it's hard to tell exactly how the market reacted in one given day to our net interest margin. but we feel like we've had pretty good management of it and i'm optimistic we'll maintain some...
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Jan 15, 2013
01/13
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this company is adapting to the environment in realtime in order to avoid interference and give you the strongest signal possible. ruckus avoids interference and this makes their wi-fi gateways and access points ideal for dense environments like cities or college campuses and because the product is superior, businesses that use ruckus' hardware need to buy fewer wi-fi access points because it covers more area. the overall wi-fi equipment market is expected to grow from $3.4 billion to $8.4 billion in 2016. compound growth, 20% annually. but ruckus is taking share in that market. i believe they would do much better than the average wi-fi planner. getting two-thirds from the wireless networking business, 4% market share. that could go up. the company has ton of success in the schools. universities love to wire themselves up with wi-fi and ruckus gets a third of its enterprise revenues from hotels. they can make their guests pay through the nose for it, right? a third comes from the service provider wi-fi market where internet providers are providing their own wi-fi to their enterprise cus
this company is adapting to the environment in realtime in order to avoid interference and give you the strongest signal possible. ruckus avoids interference and this makes their wi-fi gateways and access points ideal for dense environments like cities or college campuses and because the product is superior, businesses that use ruckus' hardware need to buy fewer wi-fi access points because it covers more area. the overall wi-fi equipment market is expected to grow from $3.4 billion to $8.4...
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Jan 17, 2013
01/13
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people see a generally positive environment for those stocks. i think lmomentum continues there. >> you are seeing flows into materials and technology, but a flo flow out of staples and health care, correct? >> it's clear as day. for etf investors, all risk on and out of risk off. we've seen a billion dollars flow out of telecom, utilities and a couple billion dollars flow into the risk on sectors like materials, industrials and tech. that's where investors are placing their bets for this earnings season. at least etf investors and so far it's paid off. >> matt, it's tim. how about the etfs that correspond to treasury movements last year, this was a trade that everybody got on, because everybody assumed rates had to go higher eventually. where are people lining up in this? this ite >> we should look very closely as what investors are doing in the bond space. i think they are taking a hands off approach. they are certainly shortening their duration and they are actually outsourcing their active management into funds like bond. we are seeing those
people see a generally positive environment for those stocks. i think lmomentum continues there. >> you are seeing flows into materials and technology, but a flo flow out of staples and health care, correct? >> it's clear as day. for etf investors, all risk on and out of risk off. we've seen a billion dollars flow out of telecom, utilities and a couple billion dollars flow into the risk on sectors like materials, industrials and tech. that's where investors are placing their bets...
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Jan 18, 2013
01/13
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but we had to adjust to the environment we're in right now. that's what we're dealing with. >> where would you say the net flow is now between morgan stanley brokers and merrill brokers right now? who's winning? are you -- you added more? have they -- and are you -- are you in an aggressive mode right now in terms of offering them increased compensation to come to morgan stanley, or -- >> i'm going to give you an answer which may be a little counterintuitive. the person who's winning might be the one who's actually losing on net flow. in other words, there are some very aggressive recruiting packages out there. anybody can go out and spend money -- >> in the past -- >> spend money and buy talent. do you want us just buying talent? >> i don't know. where are you now in terms of totals? >> we're over 16,500. i forget exactly. i think merrill -- you know, honestly, i don't even know. >> ubs is a big player. >> well, ubs is very different. they're a global private bank doesn't have brokers, has private bankers. the domestic business which is the o
but we had to adjust to the environment we're in right now. that's what we're dealing with. >> where would you say the net flow is now between morgan stanley brokers and merrill brokers right now? who's winning? are you -- you added more? have they -- and are you -- are you in an aggressive mode right now in terms of offering them increased compensation to come to morgan stanley, or -- >> i'm going to give you an answer which may be a little counterintuitive. the person who's...
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Jan 16, 2013
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the low-ends retail environment is more competitive. they have to become more promotional, code word for more discounts. in order to hold their own, they vo have to put real pressure on margins. the higher payroll taxes on consumers, it's very hard to make the case that dollar stores can be owned here. it's true companies have big long-term growth stories, and they have to expand store base around the country. that's not a reason to buy them as long as existing stores have so much trouble. at this point, dollar stores may be too cheap to go much lower, dollar tree sells 14 times earnings, and when their historical multipliers are higher, however, there is no catalyst that can get that multiple to expand. no catalyst to drive this stock higher, and that makes buying them frankly a big no-no. you said to me, jim, give me something in the space. you want something in the space? i say go with cramer fave five below. five for you home gamers. i've been a big fan of this company since it became public in july, and -- philadelphia based and if
the low-ends retail environment is more competitive. they have to become more promotional, code word for more discounts. in order to hold their own, they vo have to put real pressure on margins. the higher payroll taxes on consumers, it's very hard to make the case that dollar stores can be owned here. it's true companies have big long-term growth stories, and they have to expand store base around the country. that's not a reason to buy them as long as existing stores have so much trouble. at...
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Jan 18, 2013
01/13
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the main thing is capital will flee a hostile environment. if i were a risk taking entrepreneur in california i would be thinking about heading east to texas. >> i feel a bit dumb because i had no idea of the export power of texas. i probably would have picked california. we'll show a table and what this table says is texas 2011 exports, $251 billion in second place california at $159 billion. that is very impressive. hears what i like the most. go to the next table. it is easy. when i first heard it i said it's obvious because california doesn't maximize natural resources because of the green component. has such a large lobby and presence in california. even if you extract all the exports petroleum and coal products that still leaves you around 200 billion. you're still blowing the competition away. >> yep. isn't that nice? we also have great trading partners in mexico and canada and we send a lot of parts to the factories which are tremendous engine of growth for mexico. so our number one trading partner is mexico followed by canada and the
the main thing is capital will flee a hostile environment. if i were a risk taking entrepreneur in california i would be thinking about heading east to texas. >> i feel a bit dumb because i had no idea of the export power of texas. i probably would have picked california. we'll show a table and what this table says is texas 2011 exports, $251 billion in second place california at $159 billion. that is very impressive. hears what i like the most. go to the next table. it is easy. when i...
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Jan 15, 2013
01/13
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i mean, the fiscal cliff was a friendly family discussion compared to this hatfield/mccoy environment that's unfolding with regard to spending. >> so you think this whole story is going to have some real heart-stopping moments for the markets? >> i think there will be huge consequences. recall that in the summer of 2011 the last time we faced this that the dow went down 1800 points in july and august. now, granted there were some other issues in europe that were a concern. but we could see some serious consequences as a result of these -- this inability to have a discussion on spending cuts. >> i know you're a bond specialist, but apple reducing their iphone orders and so forth. apple fell 3.5% today. $18 to 501. is this apple reduction in ipad orders, is this symbolic of an economy that's getting weaker? >> well, i think so. i think -- well, we have heard some people say that, yes, it's part apple. the company. but also, i think it is symbolic of just people not having enough certainty of what kind of money they will have in the future to spend on items such as what apple offers. >>
i mean, the fiscal cliff was a friendly family discussion compared to this hatfield/mccoy environment that's unfolding with regard to spending. >> so you think this whole story is going to have some real heart-stopping moments for the markets? >> i think there will be huge consequences. recall that in the summer of 2011 the last time we faced this that the dow went down 1800 points in july and august. now, granted there were some other issues in europe that were a concern. but we...
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Jan 16, 2013
01/13
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i think that the financial story and economic story is saying this is not the kind of financial environment that leads to rapid growth. >> interesting. >> okay. >> you tied it in to dell and jpmorgan and everything else. excellent. larry, thank you. >> my pleasure. >> join us tomorrow. "squawk on the street" begins right now. >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, and jim cramer and david faber at the new york stock exchange. stocks had a pretty nice day yesterday. the s&p closed at five-year highs. we are looking to the down decide this morning. the dow looking to lose about 62 at the open. the picture in europe, a couple of downgrades for gdp forecasts from both the german government and world bank. italy is down by 1.5%. road map this morning starts off with the banks and earnings. jpmorgan higher. goldman sachs at 18-month highs. >> japan airlines grounding their entire dreamliner fleet. >>> dell shares falling this morning after david faber reports that a deal could be announced within two weeks, but at a price of 13.50 or
i think that the financial story and economic story is saying this is not the kind of financial environment that leads to rapid growth. >> interesting. >> okay. >> you tied it in to dell and jpmorgan and everything else. excellent. larry, thank you. >> my pleasure. >> join us tomorrow. "squawk on the street" begins right now. >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, and jim...
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Jan 17, 2013
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i actually feel the environment is still tough, maybe getting more friendlives can i ask you about the rally we've had generally? it's notable that goldman sachs has outperformed both the ac and citi with an 18% rise in the stock over the last month. today, of course, you downgraded goldman sachs in the light of that move. where are you on the sort of share price movement that is we might see in those three and oats moves forward? >> to see additional up side in a broker dealing, you have to see the economy get better. that could happen. i'm hoping it will happened. i'm just not sure if this is the time to put new money into goldman sachs, if we're sure not sure that will play its way out. it's just a matter of, how long does it take for the uncertainty to get out of the way, so companies can get back to making acquisitions. >> jeff, do people give you a hard time when you cut the ratings and yet boost the price targets? that gets made fun of a lot. >> yeah, we do get some for it. the price target increase, it's very form layically driven. what our pick it into our what it's done over
i actually feel the environment is still tough, maybe getting more friendlives can i ask you about the rally we've had generally? it's notable that goldman sachs has outperformed both the ac and citi with an 18% rise in the stock over the last month. today, of course, you downgraded goldman sachs in the light of that move. where are you on the sort of share price movement that is we might see in those three and oats moves forward? >> to see additional up side in a broker dealing, you have...
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Jan 16, 2013
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. >> one what are the things you think you can do in this environment? by the way, i talked to bankers who say, you know what, i don't know if anyone's going to trust us. first of all i'm not sure anyone did historically trusted banks. >> agreed. >> and that it may never get that much better until, frankly, the economy gets better and the unemployment picture gets better. >> i would sake exception with never. i think there have been times in the past when the banker was your friend. you knew you could go down and get a loan if you needed to buy a house. you didn't worry about whether you could qualify. you worried about, you know, what house you wanted to buy. those are the types we need to get back. to frankly, banking's only one part of the financial services industry. this is a very broad, very wide industry. markets are driven based on people's confidence in their future, their willingness to invest in something they think has a better future than the current times. so earning that confidence. you know, financial advisers in our industry, professiona
. >> one what are the things you think you can do in this environment? by the way, i talked to bankers who say, you know what, i don't know if anyone's going to trust us. first of all i'm not sure anyone did historically trusted banks. >> agreed. >> and that it may never get that much better until, frankly, the economy gets better and the unemployment picture gets better. >> i would sake exception with never. i think there have been times in the past when the banker was...
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Jan 17, 2013
01/13
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what creates that environment? >> right, you don't notice when you place yourself in a permissive environment. let's take the case of infidelity. let's say that you believe you would never cheat on your spouse. it's okay to go to the all girls's singles bar because that would never be something thaw would do. but once you arrive in the situation there is all these temptations and maybe you have a drink or two and do something outside of the bounds of what you anticipated. after the fact, your beliefs actually change about what infidelity means and you revise your beliefs so you are more lenient. this is the kind -- >> you talk environment and want to turn to the psychology to my right, dr. paula bloom. it's also a group mentality thing. when i think academics and you are sitting in a class and it's a group cheat. if someone else is doing it, it's okay. >> right. when it comes to academics, it's a few things. i'm not getting an unfair advantage. i'm leveling the playing field. it's justified. what she was saying is
what creates that environment? >> right, you don't notice when you place yourself in a permissive environment. let's take the case of infidelity. let's say that you believe you would never cheat on your spouse. it's okay to go to the all girls's singles bar because that would never be something thaw would do. but once you arrive in the situation there is all these temptations and maybe you have a drink or two and do something outside of the bounds of what you anticipated. after the fact,...
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Jan 20, 2013
01/13
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we thought maybe the environment was going to maybe not make the list at all. >> i go back what the president said in his first inaugural address he talked about the time of putting off unpleasant decision that time has surely passed. the most unpleasant decision is the country is going broke and we need to save our children and we need to save the next generation it is becoming, the demographic changes of america is what is driving it even more than spending decisions are and the task of whoever is president in this era to deal with the underlying demographic issues we face and entitlements. we don't do that we will continue to have a low-growth economy with high unemployment. got to get our fiscal house in order. to me that is the biggest of all. >> havens, do you think, given the president any genuine sign they are willing to work with him? >> well, the decision to postpone a fight over the debt limit, that, of itself, was. they saved themselves from themselves, which i believe. but also a recognition the president has the upper hand on some things, can't fight him on everything. republica
we thought maybe the environment was going to maybe not make the list at all. >> i go back what the president said in his first inaugural address he talked about the time of putting off unpleasant decision that time has surely passed. the most unpleasant decision is the country is going broke and we need to save our children and we need to save the next generation it is becoming, the demographic changes of america is what is driving it even more than spending decisions are and the task of...
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Jan 19, 2013
01/13
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a few center around education, honoring the nation's veterans, the environment, and another one is economic development. randi? >> shannon travis, thank you very much for the update from there. and now some news outside the beltway. notre dame linebacker manti t'eo spoke to espn last night. it's his first interviewer since he was swept up in the controversy over a fake online girlfriend. now in that interviewer, he denied having any part in the fake girlfriend story except being the victim of a cruel hoax. te'o spoke with espn off camera about the whole ordeal. >> i could say that in the entire 2 1/2 hours we spoke, he was completely composed, self-assured. he betrayed no nervousness. he had maybe full command of the story suggests that it's a story rather than the truth. but he -- he had a full command of everything that i posed. >> and of course te'o told a man that -- a man named ronaiah tuiasosopo admitted to being behind the hoax. he showed them a tweet supposedly an apology from ronaiah tuiasosopo. cnn hasn't confirmed the tweet or the man's involvement. we went to his home actually i
a few center around education, honoring the nation's veterans, the environment, and another one is economic development. randi? >> shannon travis, thank you very much for the update from there. and now some news outside the beltway. notre dame linebacker manti t'eo spoke to espn last night. it's his first interviewer since he was swept up in the controversy over a fake online girlfriend. now in that interviewer, he denied having any part in the fake girlfriend story except being the...
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Jan 19, 2013
01/13
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even the environment. and it will use geolocation to connect you with places to volunteer. and, of course, for those of you who are just counting down the minutes, there's an app for that too, of course. it's called the inauguration countdown. it's available on ios devices. the app will break down the days, hours, minutes, and yes, even seconds until the is ceremony. so on monday as president obama takes the oath, your front row seat at the digital ceremony may just be your smartphone. >> and laurie segal joins us right now. and laurie, since this is washington, no surprise, there is already a controversy over the inauguration app. tell us about this. >> you're absolutely right. people are worried they're putting their cell phone numbers in here and a report came out that said maybe this data could be used, and handed to third parties and you could end up on an e-mail list. i asked the question, they gave me a statement. let me read it quick. they say contrary to some concerns, the app only collects one sort of user data. and they go on to say the app has no way to collect
even the environment. and it will use geolocation to connect you with places to volunteer. and, of course, for those of you who are just counting down the minutes, there's an app for that too, of course. it's called the inauguration countdown. it's available on ios devices. the app will break down the days, hours, minutes, and yes, even seconds until the is ceremony. so on monday as president obama takes the oath, your front row seat at the digital ceremony may just be your smartphone. >>...
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Jan 17, 2013
01/13
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and the problem is, in this environment, there are so many 24-hour news cycles like cnn, like espn. there are so many investigative reporters. there's the internet blogs, everyone in the world focuses and until you put an end to a story like that, whether it's manti te'o or lance armstrong, it continues to build and build and build and the damage was done because the name keeps getting repeated in the most negative way. >> that's exactly what i want to get to, the damage. because with regard to manti te'o, everyone has said that this guy is remarkable and he had extraordinary prospects for the draft. has this done any damage to his draft stock? >> basically what the nfl cares about is the projection of how the player will play on the field over the next 10 to 11 years. players have done much worst things that even if this turns out to be a te'o hoax, they have done worst things and have gotten drafted. the problem is, if it's a big, big character red flag, teams put down guaranteed signing bonuses and cannot lose cap money. it's a disaster if a rookie turns out to be someone that ge
and the problem is, in this environment, there are so many 24-hour news cycles like cnn, like espn. there are so many investigative reporters. there's the internet blogs, everyone in the world focuses and until you put an end to a story like that, whether it's manti te'o or lance armstrong, it continues to build and build and build and the damage was done because the name keeps getting repeated in the most negative way. >> that's exactly what i want to get to, the damage. because with...
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Jan 15, 2013
01/13
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the training is critically important in a sensitive environment. i think we ought to have more standardized training and enhanced training for anyone who is a protective person at a school. but secondly, right now, we have about one third of the schools that have an armed presence. in california, i spoke to a school resource officer there, i believe they have about 500 in los angeles. they have them in philadelphia. do you want to pull those all out of the schools and not have any armed presence there when the local school district says it's important to protect our children? but it is more than that. that's why we need to look at -- >> do you think -- >> let me finish my answer, please. we need to look at the architecture of the schools. we need to look at other technology, how to keep them safe. it's much more than just being an armed presence. >> what are you going to arm them with that's going to protect these children from a deranged young person with an ar-15 that can fire up to 100 bullets in a minute? what weapon will you give your trained
the training is critically important in a sensitive environment. i think we ought to have more standardized training and enhanced training for anyone who is a protective person at a school. but secondly, right now, we have about one third of the schools that have an armed presence. in california, i spoke to a school resource officer there, i believe they have about 500 in los angeles. they have them in philadelphia. do you want to pull those all out of the schools and not have any armed...
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Jan 15, 2013
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it's not just an educational environment. it's wanting the children to be totally, wholly healthy. so we are continuing our counselli counselling. >> what do you think will happen to the sandy hook elementary? >> they're having the community conversations, so people have an opportunity to express their opinion. and then ultimately, the town leaders will make a decision as to what will happen with that building. >> because right now the kids are being educated away. there's been talk of dividing up the class. you want to keep the classes together? >> it's important to teachers, students, parents, all of us want to keep the students together. you know, that's a wonderful thing about being able to use chalk hill, we were able to keep them together in this tranvissin time. >> what do you want people to know a month later about how things are? >> we want our community to know that we hear them loud and clear when our sandy hook community says they want to be kept together. i think monroe gave us a beautiful gift in they gave us a school that we could use immediately after the shooting a
it's not just an educational environment. it's wanting the children to be totally, wholly healthy. so we are continuing our counselli counselling. >> what do you think will happen to the sandy hook elementary? >> they're having the community conversations, so people have an opportunity to express their opinion. and then ultimately, the town leaders will make a decision as to what will happen with that building. >> because right now the kids are being educated away. there's...
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Jan 13, 2013
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. >> now, a number of politicians, current and former, have joined forces to create a partisan-free environment, and called "no labels" they are pledged to a simple obligation, stop fight ing and start fixing. will the compromise and chances for success be for no label? we are joined by former presidential candidate jon huntsman and congressman joe manchin next. bacon? -oh! -oh! oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your story for a chance to win a progress-oh! makeover in hollywood. go to facebook.com/progresso to enter. >>> with me now, senator joe manchin, democrat from west virginia and former presidential candidate and former utah governor jon huntsman, thank you for being here and joining forces here. i have to say when i was reading about this, and said, okay, goals to argue less and act more, and i'm thinking, yeah, but how do you go about that, particularly from the outside? why is an outside group needed? >> well, let me say from no labels' standpoint when i was a senator t
. >> now, a number of politicians, current and former, have joined forces to create a partisan-free environment, and called "no labels" they are pledged to a simple obligation, stop fight ing and start fixing. will the compromise and chances for success be for no label? we are joined by former presidential candidate jon huntsman and congressman joe manchin next. bacon? -oh! -oh! oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty...
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Jan 15, 2013
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had a catastrophic event and when these things happen, you need to look at policy and adapt to the environment. the important thing is to find a couple of items and be for it rather than saying we are against everything. backing the nra position which is more guns in schools. that is not a republican position. that would cost $5 billion to do. >> par do get republican support here on back ground checks. 87% of democrats and a lot of republicans support that. a lot on news controls and 38% democrats. you go beyond that and almost every other issue and the assault weapons ban. the semi automatic weapons and sales on the clips. a minority of republicans support all those issues. >> the items listed on that list and things that the republicans are talking about. they have nothing to do with the second amendment and my point is don't wait for the democrats to come out and respond to it. they have a republican plan and we both live on planet earth here. >> politically speaking, what would happen. >> the republican from texas stands up and said okay, let's support these gun control issues. >> i think
had a catastrophic event and when these things happen, you need to look at policy and adapt to the environment. the important thing is to find a couple of items and be for it rather than saying we are against everything. backing the nra position which is more guns in schools. that is not a republican position. that would cost $5 billion to do. >> par do get republican support here on back ground checks. 87% of democrats and a lot of republicans support that. a lot on news controls and 38%...
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Jan 13, 2013
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. >> now, a number of politicians, current and former, have joined forces to create a partisan-free environment, and called "no labels" they are pledged to a simple proposition, stop fighting and start fixing. we'll discuss compromise and the chances for success with the no labels chairman, democratic senator joe manchin of west virginia and former republican governor of utah jon huntsman, next. she wants. now you can with new stayfree ultra thins. flexible layers move with your body, while thermocontrol wicks moisture away. keep moving. new stayfree. or treat gas with these after you get it. now that's like sunblock before or sun burn cream later. oh, somebody out there's saying, now i get it! take beano before and there'll be no gas. >>> with me now, senator joe manchin, democrat from west virginia and former presidential candidate and former utah governor jon huntsman, thank you both for being here, joining forces here. i have to say when i was reading about this, and said, okay, goals to argue less and act more, and i'm thinking, yeah, but how do you go about that, particularly from the out
. >> now, a number of politicians, current and former, have joined forces to create a partisan-free environment, and called "no labels" they are pledged to a simple proposition, stop fighting and start fixing. we'll discuss compromise and the chances for success with the no labels chairman, democratic senator joe manchin of west virginia and former republican governor of utah jon huntsman, next. she wants. now you can with new stayfree ultra thins. flexible layers move with your...
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. >> reporter: some conservative christians say the focus shouldn't be on guns but the environment giving rise to this violence. >> instead of having, as the nra proposes, a policeman in every school, our policy should be focused on getting a dad in every home. >> reporter: vice president biden said friday he is glad evangelical groups have participated in his gun policy task force meetings because in the past, they have been "reluctant to engage in the gun issue." athena jones, cnn, washington. >> you can see more about this story on our belief log at cnn.com/belief. >>> a maintenance shed in new york city's central park turned up a shocking discovery, a loaded cannon from an old british warship dating you to the revolutionary war. it's been sitting around for centuries. workers were cleaning the rust when they found the cannon still had gunpowder and a cannon ball. a spark or a flame could have set it off. >> this is an amazing surprise. it was there for so many years and people were sitting on it when it was a loaded cannon. >> technicians removed about two pounds of black powder and t
. >> reporter: some conservative christians say the focus shouldn't be on guns but the environment giving rise to this violence. >> instead of having, as the nra proposes, a policeman in every school, our policy should be focused on getting a dad in every home. >> reporter: vice president biden said friday he is glad evangelical groups have participated in his gun policy task force meetings because in the past, they have been "reluctant to engage in the gun issue."...
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Jan 16, 2013
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>> i think the polls are shifting and the environment may be better, but the intensity of this issue, how strongly do people feel about it, is still on the side of the gun owner. so, what you have to do, the president and other also have legislation and regulations, we have to build a climate -- a political climate in this country where it's safer for politicians to support this legislation. and that is not an easy thing to do. but i think it's important to try. >> and i just want to outline some of the recent polls. they fascinated me. i don't know if i'm naive to this they seem to have significantly shifted on a number of different levels. when it comes to sat s ts t s s with gun laws, a "usa today" gallup poll suggested that 30% of those were dissatisfied and wanted stricter gun control. 43% were satisfied. 5% wanted less strict guns. when you break it down into specifics, that's what the president is doing today, the nationwide ban on semiautomatic handguns, 51% support that. and a nationwide ban on high capacity ammunition clips, that number is even higher. it's 65% now of those
>> i think the polls are shifting and the environment may be better, but the intensity of this issue, how strongly do people feel about it, is still on the side of the gun owner. so, what you have to do, the president and other also have legislation and regulations, we have to build a climate -- a political climate in this country where it's safer for politicians to support this legislation. and that is not an easy thing to do. but i think it's important to try. >> and i just want...
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>> reporter: still, some conservative christians say the focus shouldn't be on gunnings but on the environment giving rise to this violence. >> instead of having as the nra proposes a policeman in every school, our policy should be focusing on getting a dad in every home. >> reporter: vice president biden said friday he's glad i n evangelical groups have participated in his gun policy task force meetings because in the past they have been, quote, reluctant to engage on the gun issue. athena jones, cnn, washington. >>> the president is promising action when it comes to curbing gun violence. the vice president even expected to endorse efforts to reinstate that assault weapons ban, but the opposition says that just isn't going to happen. t spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! s
>> reporter: still, some conservative christians say the focus shouldn't be on gunnings but on the environment giving rise to this violence. >> instead of having as the nra proposes a policeman in every school, our policy should be focusing on getting a dad in every home. >> reporter: vice president biden said friday he's glad i n evangelical groups have participated in his gun policy task force meetings because in the past they have been, quote, reluctant to engage on the gun...
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the internet, an environment where you can -- if you have a story to tell, you can find the people who want to hear it, and so i think not sort of trying to fit yourself into any box or wait for permission to have your story told, but to use all these amazing modern resources. >> could not have been nicer. that was before she won, keep in mind. lena dunham, congratulations to you. >>> up next, an review of natalie wood's autopsy. it is a new twist in the mystery involving the actress' death. before copd... i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort may increase your risk of lung infections, osteoporosis,
the internet, an environment where you can -- if you have a story to tell, you can find the people who want to hear it, and so i think not sort of trying to fit yourself into any box or wait for permission to have your story told, but to use all these amazing modern resources. >> could not have been nicer. that was before she won, keep in mind. lena dunham, congratulations to you. >>> up next, an review of natalie wood's autopsy. it is a new twist in the mystery involving the...
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as communities and certainly in the schools as well i think we can have a much safer community and environment for our kids than we have now. >> marc klaas joining us this morning. marc the father of polly klaas and the founder of the klaas kids foundation. thanks for talking to us. we appreciate your time this morning. >> thank you so much. >> many people pointed out that it appears in the video the little girl goes so easily with her mother, her mother wears a burqa and so maybe she didn't know it was her mother. kids that age will go with an adult. their whole lives are -- their lives -- >> right. >> i picked one of my friend's kids from tae kwon do, and they didn't ask where is mom and dad, where are we going, it's one of the things you have to be so careful that what kind of adults are around and i was amazed that an adult can stroll into a school and out with a child like this. >> children don't ask, okay, because their whole lives are built around, you go to that now, you do this now, i think it's really a terrifying thing that the people didn't say to you, i don't care if he says he kn
as communities and certainly in the schools as well i think we can have a much safer community and environment for our kids than we have now. >> marc klaas joining us this morning. marc the father of polly klaas and the founder of the klaas kids foundation. thanks for talking to us. we appreciate your time this morning. >> thank you so much. >> many people pointed out that it appears in the video the little girl goes so easily with her mother, her mother wears a burqa and so...
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it is an extremely confusing environment if you have one set of airlines saying they are grounding and another set of airlines saying they are still flying them. >> how disruptive is this for travelers? >> by and large, almost nonexistent. the airlines will swap in some -- jal and ana have canceled some flights, swapped in other aircraft, absolutely minimal. not at the moment an issue of disruption. >> richard quest, thank you. >>> so three months all alone at sea. coming up, we catch up with one of the most determined competitors we have ever met racing around the world all by himself. in a sailboat. ♪ using cloud computing and mobile technology, verizon innovators have developed a projective display for firefighters. allowing them to see through anything. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. ya. alright, another one just like that. right in the old bucket. good toss! see that's much better! that was good. you had your shoulder pointed, you kept your eyes on your target. let's do it again -- watch me. just like that one...
it is an extremely confusing environment if you have one set of airlines saying they are grounding and another set of airlines saying they are still flying them. >> how disruptive is this for travelers? >> by and large, almost nonexistent. the airlines will swap in some -- jal and ana have canceled some flights, swapped in other aircraft, absolutely minimal. not at the moment an issue of disruption. >> richard quest, thank you. >>> so three months all alone at sea....
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the environment where these pythons now live is not used to them. these creatures have evolved from places like the rainforest in southeast asia or the african savannah, and the habitat or the grassland habitat that you find in the everglades just simply is not equipped to deal with these very new and very invasive species. basically these pythons are invaders, and they are eating everything they come in contact with. >> you say these very new, are these pythons that were people's pets? >> likely that's how all of this originated. pot past 30 years people have been importing these snakes. a lot less lately. but during the 1970s and 1980s thousands and thousands of these snakes were brought in from asia and africa, and more often than not they either escaped because of hurricanes or people released them into environments where they shouldn't have, and these animals took over. they started out as pets, and then through negligence were released and, unfortunately, this ecosystem just really is not prepared to take on what these snakes do to the environ
the environment where these pythons now live is not used to them. these creatures have evolved from places like the rainforest in southeast asia or the african savannah, and the habitat or the grassland habitat that you find in the everglades just simply is not equipped to deal with these very new and very invasive species. basically these pythons are invaders, and they are eating everything they come in contact with. >> you say these very new, are these pythons that were people's pets?...
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i noticed he mentioned global warming and environment. that's another thing we need to move forward to attend to. he has a big agenda ahead of him, and very serious problems in several countries in the world, but i think his movement out of war, as he said, ending a deca decade, as a matter of fact, more than a decade of war, i hope that will prevail. >> thank you, mr. president. enjoy the lunch. i heard it's pretty tasty. back to you, anderson. >> you see the supreme court justice scalia there, and now you see john kerry. we just saw barack obama signing the papers for him to be nominated as secretary of state. let's check in with robin meade. robin? >> if you're on the national mall like these folks were, i want to see how the speech resonated with them. i told them they could get their word in. stephanie is from indianapolis, and you said there is a part of the speech that really resonated with you. >> yes, it was a very emotional moment, but the best part was the president calling us to unite as a nation, unite as a nation. it was won
i noticed he mentioned global warming and environment. that's another thing we need to move forward to attend to. he has a big agenda ahead of him, and very serious problems in several countries in the world, but i think his movement out of war, as he said, ending a deca decade, as a matter of fact, more than a decade of war, i hope that will prevail. >> thank you, mr. president. enjoy the lunch. i heard it's pretty tasty. back to you, anderson. >> you see the supreme court justice...
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now, in a low interest environment, like the one we're in now, you're not going to make money without being in stocks. be careful. a recent cnn money survey of money managers and investment strategists predicted that the s&p would only go up about 4.5% this year, that's after gaining 13% in 2012. but they're afraid of washington's unending partisan warfare getting in the way of economic growth. as i said, 2013 could be the year that america cruises back into prosperity. there is a domestic energy boom. there is a return of manufacturing. they're going to create job opportunities for americans, but businesses hate uncertainty. and as washington battles over issues that are important to america's economy, debt spending and budgets, businesses will continue to hold back on investment and on hiring. i'm glad investors are so confident right now. let's hope washington doesn't mess it up for you. that's it for me, from the cnn money newsroom in new york. i'm out. same time tomorrow. [ nurse ] i'm a hospice nurse. britta olsen is my patient. i spend long hours with her checking her heart rat
now, in a low interest environment, like the one we're in now, you're not going to make money without being in stocks. be careful. a recent cnn money survey of money managers and investment strategists predicted that the s&p would only go up about 4.5% this year, that's after gaining 13% in 2012. but they're afraid of washington's unending partisan warfare getting in the way of economic growth. as i said, 2013 could be the year that america cruises back into prosperity. there is a domestic...
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>> not suing each other but this a very messy policy environment. and i just want to sort of add one thing to this. and i don't know whether troy and i disagree on this. you see this more and more frequently that the administration decides to -- it knows that congress won't do anything, makes policy by official announcement of nonenforcement. so we're going to have our own defacto dream act which congress refuses to enact by administration nonenforcement. that's very clear. you might see the same thing in drug enforcement -- we're not going to enforce it, period because congress won't enact a law to that effect. i find that sort of to go much beyond the ordinary exercise of administrative and executive discretion in law enforcement. it's policy making by nonenforcement which is to my mind a very, very -- in the teeth of congressional statutes to the contrary, there are real policy difficulties with that, but there are also real constitution problems with that. it's just sort of much more sign-off dysfunction. >> if that's the environment we're to ta
>> not suing each other but this a very messy policy environment. and i just want to sort of add one thing to this. and i don't know whether troy and i disagree on this. you see this more and more frequently that the administration decides to -- it knows that congress won't do anything, makes policy by official announcement of nonenforcement. so we're going to have our own defacto dream act which congress refuses to enact by administration nonenforcement. that's very clear. you might see...
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the environment is going to still be very dangerous. but what we've seen is that afghan soldiers are stepping up at great risk to themselves. and that allows us then to make this transition during the spring. what that translates into precisely in terms of how this drawdown of u.s. troops proceeds is something that isn't yet fully determined. i'm going to be over the coming weeks getting recommendations from general allen and other commanders on the ground. they will be designing and shaping a responsible plan to make sure that we're not losing the gains that have already been made, to make sure that we're in a position to support afghan units when they're in theater. and to make sure that our folks are also protected even as we're drawing down. so i can't give you a precise number at this point. i'll probably make a separate announcement once i've gotten recommendations from the generals and our commanders in terms of what that drawdown might look like. with respect to post 2014, we've got two goals. and our main conversation today was
the environment is going to still be very dangerous. but what we've seen is that afghan soldiers are stepping up at great risk to themselves. and that allows us then to make this transition during the spring. what that translates into precisely in terms of how this drawdown of u.s. troops proceeds is something that isn't yet fully determined. i'm going to be over the coming weeks getting recommendations from general allen and other commanders on the ground. they will be designing and shaping a...
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provide $50 million to help 8000 schools to train teachers and staff to create safer environments. when it comes to mental health, more money, provided $55 million for new initiative to make sure students get mental treatment. $25 million for state base strategies supporting individuals age 16-25 with mental health or substance abuse issues. another $25 million to offer students mental-health services for trauma or anxiety. $50 million to train 5000 additional mental health professionals serving children and young adults. those are the items the washington post as identified that congressional action would be necessary. as we go throughout the morning, a lot of editorials from this morning's papers. we were reports of those as well. we take your calls and get your thoughts, jeff is a gun owner from missouri. thank you for holding. go ahead. caller: the sun is just coming up here, and it has been up for you a little bit. i wanted to address the. a lot of people -- the point a lot of people forget. the second amendment was put into place to protect people from being observed by a cor
provide $50 million to help 8000 schools to train teachers and staff to create safer environments. when it comes to mental health, more money, provided $55 million for new initiative to make sure students get mental treatment. $25 million for state base strategies supporting individuals age 16-25 with mental health or substance abuse issues. another $25 million to offer students mental-health services for trauma or anxiety. $50 million to train 5000 additional mental health professionals...
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Jan 15, 2013
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the national council for science and the environment hosted for rum. the head of fema will discuss hurricane katrina, the ongoing drought and earthquake in japan. that is on c-span 3 at 830 eastern. then the brookings institution event on innovation and the economy. >> in light of the postponement of the inauguration thehugo cha -- the inauguration of hugo chavez. this is just over an hour. >> a reminder to turn off your cell phones or anything that beeps. we appreciate that very much. well, everybody, good morning. it sounds like church almost. pretty good. [laughter] we are very pleased that you have chosen to join us on a great day here in washington. we hope the conversation will be more lively in here than the weather outside. thank you for taking some time to join us today. ambassadors, congressman, knowledgeable observers all, the quality of the audience is a very knowledgeable and experienced group that have followed venezuela for some time. so you have a very good group of folks that you're talking to. so you have to be on your best behavior.
the national council for science and the environment hosted for rum. the head of fema will discuss hurricane katrina, the ongoing drought and earthquake in japan. that is on c-span 3 at 830 eastern. then the brookings institution event on innovation and the economy. >> in light of the postponement of the inauguration thehugo cha -- the inauguration of hugo chavez. this is just over an hour. >> a reminder to turn off your cell phones or anything that beeps. we appreciate that very...
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for the environment? for climate? for science? for technology? we are getting the government. this is the hard truth. what is going to happen in two months is to solidify this. nobody is speaking out for the government. we're talking of protecting the few entitlements -- that is the rearguard action. do not kill everything. but we'll squeeze into nothing. you are absolutely right -- the top cannot pay. they have been given every way to get their money out tax-free. it is trillions of dollars that have been lost, in addition to what has been wasted. [applause] >> it is about to get fun. if i can get some quick responses -- i want to come to you. jeffrey sachs said a moment ago -- there is a bipartisan consensus that the port chester not matter. they end up being more and more invisible -- the port just do not matter. they end up being more and more invisible. talk about a guy like in johnson who in doing what he did make it clear that he knew he was writing off the south for the next 30 years of pushing the programs he pushed, the war on poverty, the civil rights act. let me as
for the environment? for climate? for science? for technology? we are getting the government. this is the hard truth. what is going to happen in two months is to solidify this. nobody is speaking out for the government. we're talking of protecting the few entitlements -- that is the rearguard action. do not kill everything. but we'll squeeze into nothing. you are absolutely right -- the top cannot pay. they have been given every way to get their money out tax-free. it is trillions of dollars...
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that is a rich interest level in this environment. you have to wonder if the bank isn't holding on to your loan to maintain that high level of interest. i wonder if the might be worth your while to try to go to another bank and not refinance with the same company. it has become a much more difficult circumstances to get a mortgage because the banks are still recovering from all the bad loans that day made during the real estate mania. host: this idea of the debt to income ratio. that was something richard cordray talked-about. this is from american hero joe. explain this issue for us. guest: this goes to the heart of the ability to repay the loan. we do not want people taking on loans that they cannot afford to repay. 43% is the outside level. if your mortgage debt sure other debt -- car loans, credit cards -- exceed 43% of your growth or pre-tax income, then that is too much. that is a loan that is becoming too onerous and you might have trouble repaying. anything below 43% is acceptable as a qualified mortgage. anything above that s
that is a rich interest level in this environment. you have to wonder if the bank isn't holding on to your loan to maintain that high level of interest. i wonder if the might be worth your while to try to go to another bank and not refinance with the same company. it has become a much more difficult circumstances to get a mortgage because the banks are still recovering from all the bad loans that day made during the real estate mania. host: this idea of the debt to income ratio. that was...